Business For Sale · Land

65 NORTHEYS BAY ROAD, North Kawartha

65 NORTHEYS BAY ROAD, North Kawartha, ON K0L3E0

$3.5M total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

Lot Size

77.51 ac

About this property

Prime Development Opportunity: 58-Lot Draft Plan Approved Subdivision Near Stony Lake Executive Summary. Presenting a premium, high-yield development opportunity in the heart of the Kawarthas. This expansive property features Draft Plan Approval for a 58-lot subdivision, 1 large commercial lot with existing well and septic system, situated on a former golf course on Northey's Bay Road. Offering a perfect blend of natural beauty, estate-scale living, and strategic highway access, this project is positioned to become a premier residential community. Property Draft Plan Approved for 58 distinct lots, streamlining the pre-development timeline. Premium Estate Lots: 58 residential lots averaging approximately one acre each, meeting the high demand for spacious, private country estates. Strategic Commercial Component: Includes one lot designated for commercial use, creating a perfect opportunity for a local convenience hub, caf, or neighborhood amenity. Scenic Golf Course Landscape: Built on a former golf course, the property offers rolling topography, mature trees, and established park-like vistas that require minimal additional clearing. Situated on Northey's Bay Road with easy access to Highway 28, making it highly accessible for commuters and weekend travellers. Minutes away from prestigious Stony Lake, providing future residents with elite access to the region's premier boating, fishing, and recreational lifestyle. This property offers a clean slate for a master-planned community structure. The purchaser will be responsible for installing internal subdivision roads and extending electrical infrastructure to the lot lines. Complete due diligence packages-including the approved draft plan maps, zoning documents, and engineering studies-are available. Due to the new zoning and MPAC assessment, property taxes will be reassessed by the Township within the next three months. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.52M
Down payment30% · $1.06M
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$16K

Projected NOI

$143K

Annual cash flow

$-53K

Cash-on-cash

-4.99%

DSCR

0.73

Going-in cap

4.05%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

47,385

Households

19,841

Median income

$107,000

Median age

32.6

Daytime population

53,543

5-yr growth

5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 65 NORTHEYS BAY ROAD, North Kawartha.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.